Answer to Question #179108 in Management for Bianca

Question

What is the potential growth of owning a coffee shop?

Answer 1

Coffee shops are an emerging star in the eatery industry and specialty beverages such as lattes and cappuccino. Coffee consumption represents a substantial percentage of all caffeine consumed in different nations globally particularly the United States explaining the exponential growth in of coffee shops in food service industry. Thus, coffee shops providing first-class service besides high-quality coffee flavors are potential competitors in the existing market that continues to grow rapidly across the world.